ICICI Direct: Burger King IPO

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Burger King India is a fast growing international fast food chain in India.

It started operations in 2014 and in five years has established 261 restaurants in major cities. As a master franchisee, the company has the exclusive rights to develop, build and operate Burger King branded restaurants in India and to offer them as a franchisee.

The company has grown faster over the past five years, mainly taking advantage of the break in the McDonalds franchise in northern India.

The company has a well-defined restaurant rollout plan to open 700 restaurants in all regions by 2026.

The proceeds from the IPO would be enough to open 190 new branches by 2023.

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ICICI Direct Burger King IPO Review.pdf

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